Your small business exit strategy is one of the most important parts of running your business.
The reality is, if you want money quickly it is better to get a job than start a small business. Starting a small business helps you in the long run financially as you are building equity and value in your business year over year.
But the only way to get this equity and value out of the business is having a solid exit strategy that allows you to realize this.
There are 6 major exit strategies to consider;
1. Getting the most out your business now.
2. Liquidating your business which means selling all of your assets.
3. Selling your business to someone you know.
4. Being acquired by another business for a strategic reason.
5. Issuing shares publically and getting out of the business.
6. Create a family empire with a solid succession plan.
One of these should be selected and planned for. The video walks through these strategies, gives examples of how it has worked, and highlights the top tip for each exit strategy that you should be focusing on.
Contact Your Expert
info@smallbusinesssolver.com
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Tag Archives: small business strategy
Marketing Automation for Small Business
When we think marketing we often think advertising. But with business becoming more of a science, there are now marketing software out there that can help grow your business.
Obviously technology is more than just social media and your computer, and this is your opportunity to understand what some of those tools are that could help your business.
Marketing automation is one of the newest techniques out there. And it is becoming increasingly important as by 2020 it is estimated that 85% of a company’s customer interactions will be automated and through technology. This means that these marketing automation best practices are only going to become more important.
The 10 Commandments of Marketing Automation
1. Be 100% customer focused. What are your customers pain points?
2. Be pressure free. Gone are the days of the pushy sales person.
3. Support the internal sale. Remember that you are working with more than the decider when you are selling. There are influencers and other stakeholders you need to communicate with.
4. Marketing automation is part of your integrated inbound marketing strategy.
5. Drive repeat purchases. Keep them engaged!
6. Content driven. Have relevant new content to keep them interested.
7. It must be multi channel. Not everyone uses one communication channels. There are many and they are growing!
8. Reflect interest, not just action. Interest is important too!
9. Accessible no matter how someone is accessing the information.
10. Cross platform. The new normal is using different devices.
Find out more and what software is available through the video!
Contact the Expert
Andrea Orozco
andrea@think-kik.com
Small Business Growth Strategies
Growing your business is something that most entrepreneurs strive to do. They want to grow their business to help increase their profit, grow the value of their business to sell it at a later date, they want to hire more people, they want to help the community, they want to build something for their family, they are competitive, they never quit, and there are many other personal reasons.
Regardless, most small business owners are looking for ways to grow. The two that often come to mind is to grow outside of your geographical location and expand the size of the market or to create a new product. But there are a ton of other strategies to growing a business and many examples to follow. Click on the image to see them.
Watch this 30 minute video to find out;
– 12 small business growth strategies
– examples of businesses that used these strategies and how it worked for them
– draw out key takeways and ideas to use for each strategy
Expert’s Contact Information
Carla Langhorst
Small Business Consultant
Carla@smallbusinesssolver.com
Strategic Planning 2013
This is the best time to sit down and iron out your strategic plan for 2013. But where to start?
This 20 minute video outlines how to create a vision, how to break it down into actionable tasks, and how to keep on moving forward.
Watching this video is a strategic thing to do! Want to get started yourself, download your own Strategic Planner 2013.
Preparing For Change: Career (And Personal) Transition
Starting & running a business can be extremely stressful on a physical, mental, and emotional front. Get advice from a career coach and life coach on how to make this transition successfully.
Our subject matter expert is Andrea Bonsey, a Career Counsellor and Counselling Therapist at Navigation Counselling Inc.
Reach her at www.navigationcounselling.ca or andrea@navigationcounselling.ca
Build A One Page Business Plan That Pops!
A one-page business plan can be great if you are using the business plan more of an action plan for yourself, your partner, and your company. It makes it easy to update, keeps the attention of the reader, and is to the point.
Another way to use a one-page business plan is to use it to generate interest from customers, potential partners/employees, suppliers, and initial interest from financial companies.
The video is a quick overview of the main components of the one-pager & then how to make the one-pager a little bit different (add POP!)
